Norges Bank Portfolio holdings
Norges Bank, established in 1816 and headquartered in Oslo, Norway, serves as the central bank of Norway, responsible for monetary policy, issuing the Norwegian krone, and maintaining financial stability. Beyond its traditional central banking role, it oversees the management of the Government Pension Fund Global (often called the Norwegian Oil Fund), one of the world’s largest sovereign wealth funds, valued at over $1 trillion, which invests Norway’s oil and gas revenues in global equities, bonds, and real estate. The fund’s investment arm, Norges Bank Investment Management (NBIM), operates independently to ensure long-term wealth preservation for future generations, emphasizing sustainable and ethical investing practices. With its dual role, Norges Bank uniquely blends central banking duties with stewardship of a massive global investment portfolio.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$3.65B |
| 2 |
Blackrock
BLK
|
+$3.58B |
| 3 |
ExxonMobil
XOM
|
+$3.23B |
| 4 |
Microsoft
MSFT
|
+$2.54B |
| 5 |
Johnson & Johnson
JNJ
|
+$2.09B |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
WFT
Weatherford International plc
WFT
|
+$118M |
| 2 |
Credicorp
BAP
|
+$98.3M |
| 3 |
BEAM
BEAM INC COM STK (DE)
BEAM
|
+$82.2M |
| 4 |
Aon
AON
|
+$63.8M |
| 5 |
LSI
LSI CORPORATION
LSI
|
+$47.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.06% |
| 2 | Technology | 13.25% |
| 3 | Healthcare | 12.14% |
| 4 | Energy | 10.19% |
| 5 | Industrials | 9.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1526
Nektar Therapeutics
NKTR
$2.39B
| $24.1M | 0.01% |
125,079
+62,539
| +100% | +$11.1M |
|
1527
Sibanye-Stillwater
SBSW
$6.26B
| $24M | 0.01% |
2,307,038
+1,153,519
| +100% | +$11.1M |
|
1528
Dorman Products
DORM
$3.98B
| $23.9M | 0.01% |
484,500
+242,250
| +100% | +$13.2M |
|
|
FSP
1529
Franklin Street Properties
FSP
$47.2M
| $23.9M | 0.01% |
1,899,476
+949,738
| +100% | +$11.8M |
|
|
MDCO
1530
DELISTED
Medicines Co
MDCO
| $23.8M | 0.01% |
819,036
+433,451
| +112% | +$11.6M |
|
|
WPRT
1531
Westport Fuel Systems
WPRT
$33.5M
| $23.8M | 0.01% |
131,643
+65,821
| +100% | +$9.84M |
|
|
CY
1532
DELISTED
Cypress Semiconductor
CY
| $23.8M | 0.01% |
2,177,638
+832,819
| +62% | +$8.44M |
|
|
CODE
1533
DELISTED
SPANSION INC, CLASS A COMMON STOCK
CODE
| $23.7M | 0.01% |
1,126,452
+506,226
| +82% | +$9.6M |
|
1534
Hilltop Holdings
HTH
$2.26B
| $23.7M | 0.01% |
1,114,632
+557,316
| +100% | +$12.2M |
|
1535
SFL Corp
SFL
$1.64B
| $23.7M | 0.01% |
1,272,932
+636,466
| +100% | +$11.4M |
|
1536
Hudbay
HBM
$10.1B
| $23.6M | 0.01% |
2,547,370
+1,273,685
| +100% | +$11.2M |
|
|
EDE
1537
DELISTED
Empire District Electric
EDE
| $23.6M | 0.01% |
918,858
+459,429
| +100% | +$11.1M |
|
|
LORL
1538
DELISTED
Loral Space and Communications, Inc.
LORL
| $23.6M | 0.01% |
324,530
+162,265
| +100% | +$11.7M |
|
|
RFP
1539
DELISTED
Resolute Forest Products Inc.
RFP
| $23.6M | 0.01% |
1,403,994
+701,997
| +100% | +$11.6M |
|
1540
Artisan Partners
APAM
$2.79B
| $23.4M | 0.01% |
+412,060
| New | +$23.6M |
|
|
EQY
1541
DELISTED
Equity One
EQY
| $23.3M | 0.01% |
989,752
+356,352
| +56% | +$8.11M |
|
|
CB
1542
DELISTED
CHUBB CORPORATION
CB
| $23.3M | 0.01% |
253,022
+126,511
| +100% | +$11.6M |
|
|
CONN
1543
DELISTED
Conn's Inc.
CONN
| $23.3M | 0.01% |
471,664
+235,832
| +100% | +$10.4M |
|
|
SQNM
1544
DELISTED
SEQUENOM INC NEW
SQNM
| $23.3M | 0.01% |
6,014,082
+3,007,041
| +100% | +$8.8M |
|
|
IGTE
1545
DELISTED
IGATE CORPORATION
IGTE
| $23.2M | 0.01% |
637,538
+318,769
| +100% | +$11.2M |
|
1546
Strategy Inc
MSTR
$34.1B
| $23.2M | 0.01% |
1,649,700
+824,850
| +100% | +$10.5M |
|
|
MHFI
1547
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
| $23.2M | 0.01% |
279,312
+139,656
| +100% | +$11M |
|
1548
Acadia Healthcare
ACHC
$2.76B
| $23.1M | 0.01% |
507,810
+165,805
| +48% | +$7.29M |
|
|
TFM
1549
DELISTED
THE FRESH MARKET, INC COM STK
TFM
| $23.1M | 0.01% |
689,754
+344,877
| +100% | +$11.7M |
|
1550
California Water Service
CWT
$3.1B
| $23.1M | 0.01% |
953,566
+476,783
| +100% | +$10.7M |
|
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Norges Bank's Q2 2014 Portfolio in Review
As of Q2 2014, Norges Bank held 2,273 positions worth $371B, up 109% from $177B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Norges Bank deployed $180B of net new capital in Q2 2014, opening 161 new positions and adding to 2,055 existing holdings. Its largest new stake was IMS HEALTH HLDGS INC COM STK (DE): 6,500,000 shares worth $167M.
By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 18% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Weatherford International plc, an estimated $118M trimmed.
- Norges Bank's largest Q2 2014 buy was IMS HEALTH HLDGS INC COM STK (DE): 6,500,000 shares worth $167M.
- Norges Bank added most to Apple in Q2 2014, an estimated $3.65B increase.
- Norges Bank's biggest Q2 2014 reduction was Weatherford International plc, cutting an estimated $118M.
- Norges Bank fully exited Credicorp in Q2 2014, selling an estimated $98.3M.
- Norges Bank's ten largest holdings make up 14% of its $371B portfolio in Q2 2014.
- Norges Bank opened 161 new positions and closed 23 in Q2 2014.
- Norges Bank's portfolio value rose 109% quarter-over-quarter to $371B.
Based on Norges Bank's 13F filing for Q2 2014, filed 8 Aug 2014.